<ARTICLE> 7 <LEGEND> This schedule contains summary financial information extracted from the consolidated financial statements of the Protective Life Insurance Company and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <DEBT-HELD-FOR-SALE> 6,728,732 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 11,861 <MORTGAGE> 1,450,363 <REAL-ESTATE> 14,677 <TOTAL-INVEST> 8,565,491 <CASH> 0 <RECOVER-REINSURE> 660,359 <DEFERRED-ACQUISITION> 691,994 <TOTAL-ASSETS> 11,239,685 <POLICY-LOSSES> 3,655,862 <UNEARNED-PREMIUMS> 401,817 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 188,867 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 2 <PREFERRED> 0 <COMMON> 5,000 <OTHER-SE> 1,084,772 <TOTAL-LIABILITY-AND-EQUITY> 11,239,685 <PREMIUMS> 420,914 <INVESTMENT-INCOME> 450,229 <INVESTMENT-GAINS> 1,460 <OTHER-INCOME> 14,107 <BENEFITS> 540,887 <UNDERWRITING-AMORTIZATION> 89,053 <UNDERWRITING-OTHER> 121,653 <INCOME-PRETAX> 135,117 <INCOME-TAX> 48,211 <INCOME-CONTINUING> 86,906 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 86,906 <EPS-PRIMARY> 0<F1> <EPS-DILUTED> 0<F1> <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>Protective Life Insurance Company is a wholly-owned subsidiary of Protective Life Corporation (NYSE: PL) and is not required to present EPS information. </FN>